Restoreokc Inc
- Assets
- $4.9m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 151
- Location
- Oklahoma City, OK
- Founding
- 09/2017
- Data as of
- 12/2022
- EIN
- 81-5470507
Organization Overview
Restoreokc Inc is located in Oklahoma City, OK. The organization was established in 2017. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Restoreokc Inc employed 151 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Restoreokc Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Restoreokc Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 35.2% each year . All expenses for the organization totaled $2.8m during the year ending 12/2022. While expenses have increased by 41.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BUILDINGRELATIONSHIPSOFRECONCILIATIONFORRESTORATIVEJUSTICE.WEFOCUS ONTHERESTORATIONOFHEALTH,ENVIRONMENT,RECONCILIATION,ANDEQUITYWITHN EIGHBORSINNORTHEASTOKLAHOMACITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTORE FOODS: OUR COMMUNITY OWNED & COMMUNITY-LED GROCERY STORE, THE MARKET AT EASTPONT, EMPLOYS MORE THAN 40 NEIGHBORS AND HAS DONE 4X THE INDUSTRY AVERAGE IN CATEGORY SALES OF PRODUCE PROVING A DEMAND FOR FRESH PRODUCE THAT WAS LONG OVERDUE THE MARKET BECAME THE FIRST GROCERY STORE IN THE STATE TO OFFER A DOUBLE UP BUCKS PROGRAM MAKING FRESH FOOD MORE AFFORDABLE & HAS THE HIGHEST REDEMPTION IN THE STATE.
RESTORESCHOOLS:THEYEAR2021CONTINUEDTOBEAWILDRIDEFORSCHOOLS,STU DENTS&OURTEAMFROMIMPACTSOFCOVID.THESCHOOLSWEREPARTLYVIRTUALAND THENPIVOTEDBACKTOIN PERSONSCHOOL.OURDEDICATEDTEAMOFVOLUNTEERSWEREABLETOSUPPORTASPAR TOF"VIRTUALCLASSROOMCARETEAMSXANDSUPPORTOURTEACHERSWITHATEACHER WORKROOMTOSUPPORTTHEMWHILEINTERACTIONSWITHSTUDENTSWAS LIMITED.OURVOLUNTEERSPROVIDEDMORETHAN2,700HOURSWITHSTUDENTS&TEAC HERSTHISYEARGIVINGTEACHERS&KIDSBOTHCONTINUITYOFANOTHERFACEWHOCA REDWEWEREABLETOPARTNERWITHAPARTNERTOPROVIDETHANKSGIVINGDINNERS TOMORETHAN400FAMILIES&ARE CONTINUINGTOWARDOURGOALOFSERVINGSCHOOLSTOWARDTEACHERRETENTION&BU ILDINGGREATSUPPORTSAROUNDOURSCHOOLSTOENSUREEDUCATIONALEQUITY. RESTOREHOMES:RESTOREHOMESEXISTTOREPAIRSENIORHOMES,ANDREHABILITATE DILAPATEDHOUSINGSTOCKFORAFFORDABLERENTALOR HOMEOWNERSHIPPATHWAYS.IN2021,MORETHAN1500VOLUNTEERS&CORPORATEPART NERSCAMETOGETHERTOREPLACEROOFS,BUILDWHEELCHAIR RAMPS,ANDTOPROVIDEURGENTHOMEREPAIRS.WEALSOACQUIRED2NEWHOMESTHA TAREPROVIDINGSAFEANDAFFORDABLEHOUSINGTOSEVERAL FAMILIESNEARRESTOREOKCWHOAREEMPLOYEDWITHUSASWELL.OVERALL,EVENWI THEXTREMELYMINIMALCOSTSDUETOPARTNERDISCOUNTS.WEGAVEAWAYMORETHAN 500,000INFREEHOMEREPAIRS&PROVIDEDSHELTER&PATHWAYSTOOWNERSHIPFO R3FAMILIES. RESTORECOMMUNITY:OURCOMMUNITYARMHASBEENPROUDTOCONTINUETOHOSTEVE NTSLIKETRUNKORTREATANDSENIORFIELDTRIPSINADDITION TODAILYTOUCHPOINTSSUCHASDELIVERING90HOTMEALSDAILY.THISARMHASAL SOPARTNEREDWITHMANYORGANIZATIONS,LIKETHEHOMELESSALLIANCE,TOHELPGU IDENEIGHBORSTHROUGHAVAILABLERESOURCES.
RESTOREJOBS:THROUGHOUT2021,OURCLEANINGTEAMTHATSERVESSINGLE MOTHERSWASABLETOEMPLOYMORETHAN30WOMENTHROUGHTHE WELLSPRINGCLEANINGCOMPANY.THEYCONTINUEDTOBUILDONTHEIR200%GROWTH IN2020BYADDINGMORERESOURCES&PARTNERSSUCHAS HOMELESSALLIANCEHOUSINGNAVIGATOR,OKLAHOMACITYCOUNTYHEALTH&ASMALL BUSINESSADVISORTOHELPWOMENSTABILIZEHOLISTICALLYANDTHENBEGINTOMOVE BACKTOWARDWHATEVERTHEIRDREAMCAREERMIGHTBEORHAVEBEENBEFOREALIFE EVENTCHANGEDTHEIRTRAJECTORY.GRADUATES HAVEMOVEDINTOLEADERSHIP POSITIONSWITHEMPLOYERPARTNERSSUCHASNORTHCARE,REMERGE,ANDOKLAHOMA STATE.
RESTOREFARMS:THEFARMTEAMUSED2021TOREALLYFOCUSONTHEIRPRODUCTION GOALS&SAFELYKEPTMORETHAN15HIGHSCHOOLINTERNS EMPLOYEDTHROUGHOUTCOVID.THEYPRODUCEDHUNDREDSOFPOUNDSOFPRODUCETHAT THEYWEREABLETOSELLINTHECOMMUNITYOWNED&LED GROCERYSTORE,THEMARKETATEASTPOINT,THATTHEYHELPEDTOOPENDURINGAP ANDEMIC.THEMARKETATEASTPOINTOPENEDEARLY2021,&THESE RESTOREFARMINTERNSHAVEWONCITY&STATEWIDEAWARDSFORTHEIREFFORTS AROUNDFOODJUSTICE&FOODACCESSFORTHEIRCOMMUNITYWHENITWASMOST NEEDED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blake Bixler Treasurer | OfficerTrustee | $0 | |
Dan Bruner Secretary | OfficerTrustee | $0 | |
Kori Hall Board Chair | OfficerTrustee | $0 | |
Jonathan Hill Immediate Pa | OfficerTrustee | $0 | |
John Riner Governance C | OfficerTrustee | $0 | |
Pam Wilks Director | OfficerTrustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Monarch Property Group Construction Contractor | 12/30/21 | $1,267,684 |
Hac Inc Purchase Of Fixtures | 12/30/21 | $440,367 |
Gardner Architects Llc Architecture Services | 12/30/21 | $282,945 |
Imes Group Purchase Of Fixtures | 12/30/21 | $164,138 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,747,384 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,747,384 |
| Total Program Service Revenue | $418,048 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,168,462 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,498,918 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,305 |
| Payroll taxes | $112,875 |
| Fees for services: Management | $4,105 |
| Fees for services: Legal | $572 |
| Fees for services: Accounting | $41,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $520,260 |
| Advertising and promotion | $50,062 |
| Office expenses | $10,198 |
| Information technology | $19,700 |
| Royalties | $0 |
| Occupancy | $72,049 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,327 |
| Interest | $3,270 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $340,384 |
| Insurance | $92,238 |
| All other expenses | $0 |
| Total functional expenses | $2,837,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,076,848 |
| Savings and temporary cash investments | $83,318 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,808 |
| Net Land, buildings, and equipment | $3,615,758 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $129,688 |
| Total assets | $4,910,420 |
| Accounts payable and accrued expenses | $76,392 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $253,707 |
| Total liabilities | $330,099 |
| Net assets without donor restrictions | $3,915,067 |
| Net assets with donor restrictions | $665,254 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,910,420 |